Mayank Mehta
19 Jan, 2010
New York City
Stocks in India closed lower as the inflation is expected to run ahead of market expectations. The central bank is looking to expand currency future contracts. Reliance Capital is looking to sell minority stake sale to a foreign investor. NMDC, Hindustan Copper rise on government stake sale talks.
Mayank Mehta
19 Jan, 2010
New York City
European markets in volatile trading closed higher. Alstom SA declined after quarterly sales increased 3%, lower than expected. ArcelorMittal and BHP Billiton are looking to form a joint venture to combine their mining ventures in Africa. Vinci Aand partners were selected for a tunnel project in UK.
Mayank Mehta
19 Jan, 2010
New York City
UK stocks closed higher after Cadbury Plc accepted improved offer from Kraft. Cadbury board dropped its resistance to the hostile offer from Kraft as it could not find competing bidders. Consumer prices in December rose 2.9%. Burberry Group surged on higher than expected sales.
Mayank Mehta
19 Jan, 2010
New York City
Kraft edged lower after Cadbury accepted its revised offer that valued the company at $19.5 billion. Tyco TD Ameritrade profit falls. Tyco agreed to pay $2 billion for Brink
123jump.com Staff
19 Jan, 2010
New York City
Three deals dominated investor focus. Cadbury agreed to Kraft offer of $19.5 billion, Williams Companies and its affiliate agreed to restructure energy distribution assets for $12 billion and Tyco purchased Brinks Home Security for $2 billion. Financial were weak after Citigroup reported loss.
123jump.com Staff
19 Jan, 2010
New York City
Kraft revised its offer for Cadbury to
123jump.com Staff
19 Jan, 2010
New York City
European markets trade lower as lawmakers and regulators voice their concerns how Greece will implement its debt reduction plan. The euro declined. Japanese stocks declined after JAL Corp filed for bankruptcy protection with $25 billion in debt.
Mayank Mehta
18 Jan, 2010
New York City
Stocks in China closed mixed ahead of earnings season. Orient Overseas Ltd, battling a deep slump in container shipment traffic sold its China property development projects for $2 billion to Singapore based CapitaLand Ltd. Shanghai home sales plunged 53% in the first two weeks in January.
123jump.com Staff
18 Jan, 2010
New York City
Ahead of earnings season, stocks in Germany, France and Switzerland gained. Munich Re added 2% after it signed an agreement with UK based Admiral Group Plc. Areva SA does not anticipate additional charges related to a troubled project in Finland. Richemont SA sales rise on Asian demand.
123jump.com Staff
18 Jan, 2010
New York City
International Power dropped 4% after it terminated its talks with GDF Suez. The second largest UK home builder Taylor Wimpey Plc home sales declined 24% in the last year and average price declined 6.5%. BA Plc cabin crew is scheduled to vote next week on strike action.
Darlington Musarurwa
18 Jan, 2010
New York City
Stocks in Australia recovered from earlier losses and closed fractionally higher. Weak international prices of metals affected the trading sentiment. Lihir Gold chief executive Hood resigned after the company did not renew his contract. Discount airline Tiger Airways IPO was fully subscribed.
Darlington Musarurwa
18 Jan, 2010
New York City
Bank of Japan raises assessments in four of the nine regions. Japan industrial production increases 2.2% in November. Finance minister Kan pledges to fight deflation. Japan Airlines Corp is negotiating with Delta and American Airlines to secure a better deal as it prepares its restructuring filing.
Mayank Mehta
18 Jan, 2010
New York City
Stocks in Mumbai closed higher after Tata Consultancy Services Ltd quarterly net surged 33%. UltraTech Cement drops on poor quarterly earnings. Suzlon Energy wins order in Sweden. Jaiprakash Associates third quarter lower than expected net income.
123jump.com Staff
18 Jan, 2010
New York City
European markets traded higher but the euro edged lower. The benchmark index in Greece dropped nearly 2% as the EU regulators and Greece government review ways to lower Greek budget deficit in 2010 and after. Asian markets closed higher. Richemont SA quarterly sales increased 2%.
123jump.com Staff
15 Jan, 2010
New York City
U.S. stocks declined on the worries that consumer may not still be healthy. JPMorgan in its latest quarterly earnings booked a loss in its retail banking unit and increased provision of loan losses. The dollar gained against the euro and gold closed lower. Commodities fell.
